Canoe Financial 13F: Exits Tidewater (TDW) Stake

Canoe Financial completely exited its position in Tidewater Inc. TDW by selling all 210,456 shares it held, according to a Form 13F filing with the SEC on October 21, 2026. The fund held 210,456 shares prior to the complete sell-off. Tidewater closed at $81.32 on the filing date.

TDW Tidewater Inc.

$78.22 ▲ +49.76% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Canoe Financial's Tidewater Position

Canoe Financial sold out of its entire holding in Tidewater Inc. TDW during the period, cutting its stake from 210,456 shares down to zero. The complete exit closed out the investment entirely.

Other Institutional Activity in Tidewater

Hosking Partners reduced its holdings by 99,034 shares, ending with 510,577 shares valued at about $41.4 million. Robotti Robert trimmed its stake by 14,311 shares to finish with 2,906,380 shares worth approximately $227.3 million. Neuberger Berman Group, LLC lowered its position by 467,780 shares, leaving it with 2,803,406 shares valued at about $219.3 million. BAILLIE GIFFORD & CO boosted its stake by 1,015,389 shares, or 154.9%, to end with 1,670,774 shares worth around $130.7 million. American Century Companies Inc lifted its holdings by 282,530 shares, or 21.2%, finishing with 1,617,736 shares valued at about $126.5 million.

Tidewater Inc. Stock Holds Steady

Tidewater Inc. TDW recently traded around $81.28 as of October 22, 2026. The stock closed at $81.32 on October 21. Shares sit below their 50-day moving average of $88.42 and above their 200-day moving average of $78.42. The share price is down 20.0% from its 52-week high of $101.58 and up 70.8% from its 52-week low of $47.60.

Recent Earnings

Tidewater Inc. TDW reported trailing twelve month revenue of $1.35 billion and earnings of $4.91 per share. The business maintains a net profit margin of 18.3% and a return on equity of 19.4%. The company is scheduled to report its next financial results on November 9, 2026.

Insider Buying and Selling at Tidewater Inc.

Insiders completed several transactions recently. Louis Raspino bought 1,760 shares on June 16, 2026. Kenneth H Traub sold 10,000 shares at $99.00 apiece on September 2, 2026, for a total value of $990,000. Daniel Allen Hudson sold 15,000 shares at $99.08 each on September 2, 2026, totaling $1,486,200. Robert Edward Robotti sold 10,300 shares at $89.85 per share on September 16, 2026, worth $925,449.

Analysts Set New Price Targets

On August 13, 2026, Barclays maintained its Equal-Weight rating on Tidewater Inc. TDW and raised its price target from $86.00 to $91.00. Later, on September 1, 2026, BTIG upgraded the stock to a Buy rating with a $120.00 price target. BTIG subsequently reiterated its Buy rating and $120.00 price target on October 9, 2026. The stock currently carries an overall buy rating consensus from eight analysts, with a mean price target of $94.88.

About Tidewater

Tidewater Inc. TDW operates a large fleet of offshore support vessels that provide marine services and transport to the global offshore energy sector. The Houston-based company serves energy producers through marine operations spanning the Americas, Asia Pacific, the Middle East, Europe, and West Africa.

Bottom Line

Investors tracking Tidewater Inc. TDW should monitor upcoming quarterly results scheduled for November 9, 2026. Future institutional reports will show whether other large funds follow Canoe Financial's lead in shifting their positions.